Vietnam’s state asset management company will use its own valuations
instead of inflated book values to buy bad debt from banks by the end of
next month to accelerate a revamp of the financial system and revive
lending. SEE MORE Just 10 years ago, then BP CEO John Browne shocked the oil industry by
suggesting that oil prices might “temporarily” rise to $40/bbl due to an
imbalance of supply and demand, before falling back below $35/bbl
again. SEE MORE Bad debts in Vietnam's troubled banking system could fall sharply by
year-end to 2.5 to 2.7 percent of total loans thanks to debt
restructuring and tighter supervision, Prime Minister Nguyen Tan Dung
said on Wednesday. SEE MORE VietNamNet Bridge – Hanoi will officially sell bio-fuel E5 at 42
petrol stations from next month onwards, according to the municipal
Department of Industry and Trade. SEE MORE The Viet Nam Oil and Gas Group (PVN) bought a 11 per cent stake in
the National Chemicals Group (Vinachem) in the Long Son Petrochemicals
Complex project on Monday. SEE MORE
